HSBC AT1 investors are not too happy about the risk of seeing the bank flagged as an "unreliable entity" by the Chinese authorities. Arguably, this move in AT1 is much more significant than the equity move (which happens in a sea of red anyway)
(& now, this isn't about #FinCEN)
(& now, this isn't about #FinCEN)
& no*, sorry!
For those unfamiliar with the concept, what is it ?
It's a list Chinese authorities are said to be preparing which should stop companies on the list from engaging in import or export with china 1/2
It's a list Chinese authorities are said to be preparing which should stop companies on the list from engaging in import or export with china 1/2
Also from investing in China and which could also ban or restrict individuals from entering China.
Lots of "could" and "may" because the list and its impact are not final yet. But HSBC has been rumoured many times to be on it - mostly because of the Huwaei story
Lots of "could" and "may" because the list and its impact are not final yet. But HSBC has been rumoured many times to be on it - mostly because of the Huwaei story
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